Audrey’s sulphide find could justify new mill
Toronto-listed Audrey Resources says it has encountered two new massive sulphide lenses with high grade gold at its Dufresnoy property, near the company’s Mobrun mine at Rouyn-Noranda, Que. President …
News
METAL MARKETS Silver acting more like a base metal?
While many investors would tie the price of silver in with the up-and-down (of late) performance of gold, at least one analyst is making a case for lumping the precious metal in with what has been hap…
Oliver ups interest in Fairview gold bet
A $400,000 exploration program by Oliver Gold will earn that company an 80% interest in Cominco’s Fairview gold property near Oliver in south central British Columbia. The company first obtained 40% o…
Core prepares for hard look at Knora gold bet
After months of quiet negotiations, Edmonton-based Core Explorations has got its hands on a property with some small-scale production potential. Located in the Kenora Mining Division, near Kenora, Ont…
Quebec mining group raises $23.4 million
Quebec-based Groupe Minier O, comprising seven junior mining exploration companies, raised slightly more than $23.4 million in 1987 for its various exploration projects. Bulk of the funding came from …
Montreal Exchange Audrey discoveries
Announcing the discovery of two promising massive sulphide lenses near its polymetallic Mobrun mine, which went into production during the latter half of 1987 in the Rouyn- Noranda area of Quebec, was…
Ameritex and Cogema in Burntbush program
Ameritex Resources and joint- venture partner Cogema Canada are planning an $815,000 exploration program at the Burntbush River project in Noseworthy and Hoblitzell twps. in northeastern Ontario, Amer…
Silverside acquires 105 mining claims
Recently announcing the acquisition by staking of 105 mining claims in three separate groups in the Confederation-Uchi Lakes area of northwestern Ontario was Silverside Resources of Toronto. One of th…
Seville moving modular mill from Nevada to Lumby, B.C.
Vancouver-listed Golden Seville Resources this week announced it plans to move a gold ore processing mill from Fallen, Nev., to the Lumby gold property in south-central British Columbia pending comple…
News in Brief (February 01, 1988)
Champagne Resources has changed its name to Pass Lake Resources Ltd. (plj:vse) on a 1-new-for-2-old share basis. A cease trading order issued Jan 10, 1986 remains in effect.
Yukon gold show
The Klondike Placer Miners Association, along with the Dawson City Chamber of Commerce, is sponsoring a Gold Show in Dawson City, Yukon, on May 27-28. The Association says the event will be a comprehe…
The 1987 Coal Review OBED
The Obed mine, in west-central Alberta, enjoyed its best year ever, selling just under one million tonnes of thermal coal. However, the mine is still producing at only one-third of its 3-million-tonne…